secwatch.observer — SEC 8-K summary
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Issuer:     iQSTEL Inc (IQST)
CIK:        0001527702
Form:       8-K
Filed at:   2022-11-16T23:59:59+00:00
Accession:  0001663577-22-000665
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iQSTEL reports first profitable quarter; Q3 revenue up 33% to $21.94M
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- Q3 2022 revenue $21.94M (+33% YoY); YTD through Sep $65M, on track for $90M annual forecast.
- First operating income positive quarter: operating income $58,813 (vs loss $116K YoY); net income $27,312.
- Stockholders' equity $9.2M (+172% YoY), surpassing Nasdaq minimum listing requirement.
- October 2022 preliminary revenue $9.4M (+83% YoY); YTD through Oct $74.4M.
- Gross profit margin improved to 5.99% from 5.09% YoY; gross profit up 56% to $1.31M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527702/000166357722000665/0001663577-22-000665-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527702/000166357722000665/iqst8k.htm
  HTML page:      https://secwatch.observer/filing/0001663577-22-000665

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer